London-based buy now, pay later company Zilch has successfully raised $176.7 million in debt and equity as it eyes an upcoming IPO.
Led by KKCG, this funding round also saw participation from BNF Capital and several unnamed investors. Additionally, it expands upon last year’s £100 million securitization led by Deutsche Bank.
Since its launch in 2020, Zilch has gained over five million registered users by combining buy now, pay later payments with personalized rewards, benefits, and discounts.
This capital raise follows a recent partnership with Visa to introduce a physical credit card and enhance its product offerings for agentic commerce and one-click checkouts.
Zilch’s new AI-powered Intelligent Commerce platform is quickly becoming one of the company’s fastest-growing revenue streams. The upcoming Zilch Pay, set to launch in the first half of 2026, aims to further improve the checkout experience for both customers and merchants.
Zilch’s CEO and co-founder stated, “Our newly launched products are already driving significant growth, and with support from a world-class group of investors, we’re well-positioned for our next phase of expansion. In a market where many find it challenging to raise capital, the network and strategic leadership of my co-founder, Sean O’Connor, have been pivotal in achieving this outcome.”
The newly acquired funds will be utilized to enhance brand visibility, accelerate product development, and explore strategic mergers and acquisitions opportunities.